The Indian Ministry of Finance, Department of Economic Affairs, Budget Division has issued an office memorandum stating that the rate of interest for advance sanctioned to government servants for the purchase of computers during the financial year 2023-24 (1st April 2023 – 31st March 2024) will be 9.1% per annum.
Advances to Government Servants – Rate of interest for purchase of Computer during 2023-24
Government of India
Ministry of Finance
Department of Economic Affairs
North block, New-Delhi
Dated the 29th March, 2023
Subject: Advances to Government Servants – Rate of interest for purchase of Computer during 2023-24.
The undersigned is directed to state that the rate of interest for advance sanctioned to the Government servants for purchase of computer during 2023-24 i.e. from 1st April, 2023 to 31st March, 2024 is as under:
Rate of interest per annum
Advance for purchase of Computer 9.1%
Under Secretary (Budget)